Your vagina is for the most part without nerve endings. Only the vaginal entrance is rich in nerve endings. It is for that reason that you feel it when he penetrates you the first thine, but not after a while. Very shallow thrusting (just his head), in and out can be very pleasurable for you. Deep thrusting brings that wonderful feeling of being filled up, but not much other feelings.
Your clitoris is the source of your sexual pleasure and orgasms. It is not your vagina.
A man will go softer once he is inside you. That is just the way his physiology works. In scans done during intercourse, the man's penis takes on the shape of a boomerang. Something that will be very difficult if he is fully stiff. Just before he orgaasms, his penis will become very stiff again. You have probably seen this during oral. If you do not want semen in your mouth, this is normally the sign to stop giving oral.
If he is losing his erection during sex, it can be a sign of medical issues, or he is not able to keep his mental arousal levels up. It will very seldomly be because of you and your anatomy or wetness.